Ethiopian Airlines Consortium Disputes Keyamo's Claims on Nigeria Air Project In a formal petition addressed to President Bola Ahmed Tinubu, the Ethiopian Airlines Consortium has urged the Nigerian government to intervene in an ongoing dispute involving Aviation Minister Festus Keyamo and the controversial national carrier...

After IMTOs Engagement, Remittances Rose to Almost $600m in September – Cardoso The Central Bank of Nigeria (CBN) says remittance inflows rose to almost $600 million as of the end of September. Olayemi Cardoso, CBN governor, announced at a special summit dinner organised by the Nigerian...

Naira Now 1,710 per Dollar at Parallel Market The Naira yesterday depreciated to N1,710 per dollar in the parallel market from N1,690 per dollar on Wednesday. Similarly, the Naira depreciated to N1,660.49 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that...

FG Stalls Shell’s $1.3 billion Oil Asset Sale to Renaissance Group – Report The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has rejected the proposed $1.3 billion sale of onshore oilfields to the Renaissance Group, citing the buyer’s lack of qualification to...

CBN Addresses Outstanding Balance of $7 billion FX Backlog The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, has said the apex bank is addressing the long outstanding balance from the $7 billion foreign exchange backlog it inherited from the previous administration. Speaking...

Fuel Price Hike: Reps Fear Unrest as FG, Labour Meeting Ends in Deadlock The House of Representatives have warned that the recent hike in fuel pump prices could trigger social unrest if not addressed immediately. The Green Chamber handed down the warning as a meeting between...